Cheap gas and electricity deals launched by small companies

Price war continues as suppliers battle for your business

Energy Switching

12:18PM BST 27 May 2014

Once again, small suppliers are setting the standard for cheap gas and electricity deals, with first:utility launching a brand new tariff under £1,000 a year at medium usage. Their new iSave Fixed v23 August 2015 tariff sees prices locked until the end of August 2015 and, on average, costs £992 a year. Following closely behind are Extra Energy, Ovo and Green Star Energy, proving that the smaller players are setting the agenda for energy prices in the UK. With British Gas revealing that it has lost 180,000 residential customers so far this year, it is clear that savvy consumers are switching to discounted deals. By comparing all of the suppliers in the market, households can easily see who could provide the best deal for them.

Is now the time to switch?

If you haven’t already compared your energy costs, we recommend that you do. The Telegraph Energy Switching Service, provided by energyhelpline, can help you find the best possible deal for your area. Our free and impartial service searches all of the suppliers and tariffs available to provide you with a clear picture of how much you could save. With many suppliers recently launching long-term fixed tariffs, you could grab a deal that would insulate you from any rises for as long as three years.

The process of switching is very straightforward. You simply need to provide your address, a few basic details about your current supplier and how much you use – information that you can find on a recent gas and electricity bill.

What the experts say

Director of energyhelpline, Mark Todd said: "For the first time in two-and-a-half years, there are now energy deals available costing less than £1,000 a year for switchers. Wholesale prices are now around 15pc down on this time last year and small suppliers are taking advantage, nimbly launching great value cut-price offers.”

For the first time in two-and-a-half years, there are now energy deals available costing less than £1,000 a year